Andrew Romanoff Calls Out Sen. Bennet (CO) for Keeping Banks To Big To Fail

[liskddksil]

U.S. Senator Michael Bennet has voted against the Brown-Kaufman amendment which would cap the size and power of “too big to fail” megabanks largely responsible for the financial meltdown.

As an amendment to the financial reform bill, Brown-Kaufman would force the nation’s six largest banks (Bank of America, JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley – all contributors to Sen. Bennet) to dramatically downsize, limiting their self-serving powers, their sway over world markets, and their ability to leverage - all which will lessen risk and volatility as a whole.

Said Sen. Majority Whip Richard Durbin: “I would say that (of) all the amendments which will be offered, this is clearly a game-changer. I am supportive of this amendment even though I know some of my friends in the banking industry won’t be happy with that.”

No such sentiment from Sen. Bennet, who, hours before the amendment failed, simply spoke of the need for bipartisan support to “safeguard America’s financial future.”

http://www.facebook.com/#!/notes/andrew-romanoff/andrew-romanoff-statement-on-brown-kaufman-amendment/425186850820

[CanonRay]

1. Now I'm sure I made the right decision backing Romanoff

Not that I had a lot of doubt.

[depakid]

2. Good! I hope every single one of them gets called out and takes a big political hit

[robinblue]

3. "a top-10 recipient of financial-sector contributions (over $800,000)."--Bennet

Sen. Bennet, a member of the Senate banking committee, has, in just over a year, become a top-10 recipient of financial-sector contributions (over $800,000). He voted against the interests of homeowners facing foreclosure (S Amen. 1014 to S. 896, 4/30/09) and voted against auditing the all-powerful, erratically performing Federal Reserve (S. AMDT 875 to S.Con.Res.13, 4/2/09)

"I would further strengthen the financial bill by restoring the Glass-Steagall wall between commercial and investment banking activities,” said U.S. Senate candidate Andrew Romanoff. “I would also move the Consumer Financial Protection Agency outside of the Federal Reserve. I've also proposed regulating derivatives, by requiring that they be traded on an exchange; limiting the amount of leverage banks are able to incur; and increasing the percentage banks are required to keep in reserve in safe, liquid investments such as Treasury bills. If a bank is too big to fail, it’s too big to exist.”

[blaze]

4. K&R - Donate to Romanoff campaign!!

http://www.andrewromanoff.com/

[paulk]

5. Bennet is a bought and paid for commodity

and it really makes one wonder why Obama would stick his nose in a competitive primary to raise money for him.

or maybe it's obvious

[madamesilverspurs]

6. Obama's visit to Denver with Bennet

earlier this year raised money that went into the general fund for Democratic candidates - including Romanoff. Just sayin'.


-

[liskddksil]

7. He has campaigned with and for Bennet and not Romanoff nt

[donheld]

8. Just sayin' you are wrong

[paulk]

9. you are wrong

as others have pointed out.